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REGISTERED NUMBER: OC423325 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Brogan Family Partnership LLP

Brogan Family Partnership LLP (Registered number: OC423325)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brogan Family Partnership LLP

General Information
for the Year Ended 31st March 2023







DESIGNATED MEMBERS: M N Brogan
C S Brogan
Chris Brogan Family Holdings Ltd
Mark Brogan Family Holdings Ltd
SQ Property Trading Limited





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
TS23 4EA





REGISTERED NUMBER: OC423325 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Brogan Family Partnership LLP (Registered number: OC423325)

Balance Sheet
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 20,503,048 22,791,074

CURRENT ASSETS
Debtors 5 1,523,183 21,444
Cash at bank and in hand 452,511 3,490,416
1,975,694 3,511,860
CREDITORS
Amounts falling due within one year 6 (5,839 ) (5,839 )
NET CURRENT ASSETS 1,969,855 3,506,021
TOTAL ASSETS LESS CURRENT LIABILITIES 22,472,903 26,297,095

CREDITORS
Amounts falling due after more than one
year

7

(7,915,436

)

(12,619,610

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 14,557,467 13,677,485

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

14,557,467

13,677,485

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 14,557,467 13,677,485

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31st March 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Brogan Family Partnership LLP (Registered number: OC423325)

Balance Sheet - continued
31st March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20th March 2024 and were signed by:





C S Brogan - Designated member

Brogan Family Partnership LLP (Registered number: OC423325)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Brogan Family Partnership LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 15% on reducing balance

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

Brogan Family Partnership LLP (Registered number: OC423325)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st April 2022 22,790,532 1,039 22,791,571
Disposals (600,484 ) - (600,484 )
Revaluations (1,687,461 ) - (1,687,461 )
At 31st March 2023 20,502,587 1,039 20,503,626
DEPRECIATION
At 1st April 2022 - 497 497
Charge for year - 81 81
At 31st March 2023 - 578 578
NET BOOK VALUE
At 31st March 2023 20,502,587 461 20,503,048
At 31st March 2022 22,790,532 542 22,791,074

Cost or valuation at 31st March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2021 2,824,100 - 2,824,100
Valuation in 2022 1,484,432 - 1,484,432
Valuation in 2023 1,687,461 - 1,687,461
Cost 14,506,594 1,039 14,507,633
20,502,587 1,039 20,503,626

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,523,183 21,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 92 92
Other creditors 5,747 5,747
5,839 5,839

Brogan Family Partnership LLP (Registered number: OC423325)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 7,915,436 12,619,610

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 7,915,436 12,619,610

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.